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Blue Hydrogen Market is expected to reach USD 3 Bn by 2030, as per Maximize Market Research

10-24-2024 11:25 AM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Blue Hydrogen Market

Blue Hydrogen Market

Global Blue Hydrogen Market size was valued at USD 1.28 Bn in 2023 and Blue Hydrogen market revenue is expected to reach USD 3 Bn by 2030, at a CAGR of 12.89 % over the forecast period.

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐ฅ๐ฎ๐ž ๐‡๐ฒ๐๐ซ๐จ๐ ๐ž๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Blue hydrogen is the result of producing hydrogen from natural gas through steam methane reforming (SMR). In the steam methane reforming procedure, natural gas is combined with extremely high-temperature steam and catalyst. Another chemical reaction takes place, resulting in the production of hydrogen and carbon monoxide. Water is mixed in, causing the conversion of carbon monoxide to carbon dioxide and additional hydrogen. Capturing and storing carbon dioxide underground results in a CO2-neutral process and creates "Blue Hydrogen." Blue hydrogen has attracted considerable interest as a possible way to lower carbon emissions in different sectors due to its clean energy characteristics. Hydrogen is extracted by combining natural gas with high-temperature steam in a process known as steam methane reforming (SMR).

With the increasing focus on environmental issues and advancements in renewable energy technologies, blue hydrogen is poised to have a crucial role in transitioning to a more sustainable energy environment. The European region has been leading in executing innovative projects and regulations to decrease greenhouse gas emissions. Nearly all EU member states have acknowledged the crucial importance of hydrogen in their energy and environmental strategies, establishing distinct goals for projects cantered around hydrogen, specifically in transportation. At the same time, the European Clean Hydrogen Alliance was created as a platform for cooperation to bring together markets, public authorities, and civil society in order to organize investments in the sector. The Fuel Cell and Hydrogen Joint Venture (FCH JU) oversees the management of hydrogen initiatives, supported by the European Commission in a public-private partnership. The rise of new start-ups in the area is set to boost investment in blue hydrogen projects, promoting revenue expansion in the local markets.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž + ๐†๐ซ๐š๐ฉ๐ก๐ฌ ๐‡๐ž๐ซ๐ž:https://www.maximizemarketresearch.com/request-sample/148514/

๐†๐ฅ๐จ๐›๐š๐ฅ ๐๐ฅ๐ฎ๐ž ๐‡๐ฒ๐๐ซ๐จ๐ ๐ž๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ

Steam Methane Reforming
Gas Partial Oxidation
Auto Thermal Reforming

๐๐ฒ ๐“๐ฒ๐ฉ๐ž

Ammonia
Methanol
Others

๐๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐š๐ญ๐ข๐จ๐ง ๐ฆ๐จ๐๐ž

Pipeline
Cryogenic Liquid Tankers

๐๐ฒ ๐ž๐ง๐-๐ฎ๐ฌ๐ž๐ซ

Chemical
Refinery
Power Generation
Others

๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ฌ ๐‰๐ฎ๐ฌ๐ญ ๐š ๐‚๐ฅ๐ข๐œ๐ค ๐€๐ฐ๐š :https://www.maximizemarketresearch.com/request-sample/148514/

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐…๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฅ๐ž๐š๐๐ž๐ซ๐ฌ

Air Liquide
Linde plc (formerly Praxair)
Air Products and Chemicals, Inc.
Equinor ASA
Siemens Energy
BP
TotalEnergies
Shell
Eni S.p.A.
Repsol
Orsted
ITM Power
CRI Catalyst Company
Doosan
Mitsubishi Power, Ltd.
Snam
Thyssenkrupp Industrial Solutions
McPhy Energy
EPC Group
Chart Industries

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/148514/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What was the Market size in 2023?
What is the projected demand for theGlobal Blue Hydrogen Market?
Which are the factors expected to drive the Market growth?
What is the future projection for theGlobal Blue Hydrogen Market?

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/market-report/blue-hydrogen-market/148514/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

PastGlobal Blue Hydrogen Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Global Blue Hydrogen Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐ก๐š๐ฌ ๐š๐ฅ๐ฌ๐จ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง

Translucent Concrete Market size was valued at US$ 9185.4 Thousand in 2023 and the total revenue is expected to grow at 80% through 2024 to 2030, reaching nearly US$ 562348.58 Thousand.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/global-translucent-concrete-market/107006/

Sodium Metabisulfite Market size was valued at US$ 396.23 Mn in 2021 and the total revenue is expected to grow at 6.4 % through 2021 to 2029, reaching nearly US$ 650.85 Mn

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/global-sodium-metabisulfite-market/108565/

By 2030, the Dimethyl Carbonate Market is expected to reach US $ 2.39 Billion, thanks to growth in the Grade, Application, and End-use industry segment. The report analyzes market dynamics by region and end-user industries.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/global-dimethyl-carbonate-market/114977/

Balkans TMT Steel Bar Market was valued US$ 2.54 Bn in 2023 and is estimated to reach approximately US$ 5.18 Bn by 2030 at a CAGR of about 10.7% during a forecast.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/balkans-tmt-steel-bar-market/20966/

The Bamboo Clothing Market size was valued at USD 1.83 Billion in 2023 and the total Bamboo Clothing revenue is expected to grow at a CAGR of 8.5% from 2024 to 2030, reaching nearly USD 3.27 Billion by 2030.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/bamboo-clothing-market/230666/

Global Biobased Degreaser Market size was valued at USD 1023.80 Mn in 2023 and is expected to reach USD 1459.91 Mn by 2030, at a CAGR of 5.2 %.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/biobased-degreaser-market/191716/

Biodegradable Superabsorbent Materials Market was valued at 83.13 Kilo Tonns in 2023 and expected to grow at a CAGR of 5.9% in the forecast period to reach 124.17 Kilo Tonns by 2030.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/biodegradable-superabsorbent-materials-market/13400/

Global Blue Hydrogen Market size was valued at USD 1.28 Bn in 2023 and Blue Hydrogen market revenue is expected to reach USD 3 Bn by 2030, at a CAGR of 12.89 % over the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/blue-hydrogen-market/148514/

The Bonding Films Market size was valued at USD 1084.50 Mn. in 2023 and the total revenue is expected to grow by 8.04% from 2024 to 2030, reaching nearly USD 1863.47 Mn.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/bonding-films-market/2499/

The Butadiene market is expected to reach US$ 50.93 Bn. in 2030, with a CAGR of 4.4% for the period 2024-2030, because of growing demand in the tire industry.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/butadiene-market/13584/

Calcined Bauxite Market size was valued at USD 1.77 Bn. in 2023 and the total revenue is expected to grow at CAGR 6.3% through 2024 to 2030, reaching nearly USD 2.72 Bn.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/calcined-bauxite-market/121406/

Cellulosic Ethanol Market was valued at US$ 1234.30 Million in 2023. The Global Cellulosic Ethanol Market size is estimated to grow at a CAGR of 38.26 % over the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/cellulosic-ethanol-market/148030/

Chelating Agents Market size is expected to reach nearly USD 7.34 Bn. by 2030 with the CAGR of 4.8% during the forecast period.

๐†๐ž๐ญ ๐ˆ๐ง๐Ÿ๐จ:https://www.maximizemarketresearch.com/market-report/chelating-agents-market/42643/

๐Œ๐€๐—๐ˆ๐Œ๐ˆ๐™๐„ ๐Œ๐€๐‘๐Š๐„๐“ ๐‘๐„๐’๐„๐€๐‘๐‚๐‡ ๐๐•๐“. ๐‹๐“๐ƒ.

โฎ 3rd Floor, Navale IT park Phase 2,
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โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.

Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.

Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.

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